US Futures Hold Muted Movements
2026-03-05 12:40
By
Andre Joaquim
1 min. read
US equity futures held their muted momentum on Thursday to loosely hold yesterday's rebound as markets continued to assess the impact that war in Iran may have on the global economy and demand for AI infrastructure by tech leaders.
Contracts for the three main averages hovered close to the flatline.
Refined fuel prices and long-term Treasury yields resumed their upswings to reflect pro-inflationary risks, but equities mostly maintained their resilience to trade near levels from before the start of the Iran war this week.
Tech giants were muted premarket despite some fresh support from their Korean counterparts.
Broadcom was 6% higher after delivering an ambitious guidance for next year, and Veeva surged to reflect some fresh confidence in the software sector, which has recently been pressured by concerns of AI disruption.
In the meantime, banks and asset managers inched down, having been on the spotlight recently on concerns that private credit loans to the AI sector may turn sour.